This Method for Redeeming Chase Ultimate Rewards Points Sucks a Little Less Through October

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This Method for Redeeming Chase Ultimate Rewards Points Sucks a Little Less Through October

Joseph HostetlerThis Method for Redeeming Chase Ultimate Rewards Points Sucks a Little Less Through OctoberMillion Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

If you follow our newsletter, you know tons of ways to earn bonus Chase Ultimate Rewards points (our FAVORITE kind of points).  For example, you can earn sign-up bonuses from cards like the Chase Sapphire Preferred, make everyday spending in valuable bonus categories, and enroll in fun promotions.

The best part about Chase Ultimate Rewards points is that you can spend them in all kinds of ways!  You can transfer them to hotel and airline partners.  You can buy travel at a big discount through the Chase Ultimate Rewards Travel Portal.  You can redeem them for straight cash.  You can even use them to buy gift cards.

And through October 31, 2018, you’ll get a 10% discount when you use your points for select gift cards.

Our Favorite Use for Chase Ultimate Rewards Points Is TRAVEL.  But If Gift Cards Make You Happier, That’s Alright, Too!

Examples of qualifying gift cards are:

  • Google Play
  • Macy’s
  • Microsoft Xbox
  • Overstock.com
  • Yankee Candle

You can click this link and log into your account to take advantage of the deal.

When you redeem your points for gift cards, you’ll get a value of 1 cent each.  So with this 10% discount, you’ll get a value of ~1.11 cents each.  That is NOT the best use for Chase Ultimate Rewards points.  You can get much more value if you use them for travel instead.

For example, you could transfer 15,000 points to Hyatt and stay at The Confidante Miami Beach hotel, which can easily cost $300+ per night.  That’s a value of ~2 cents per point ($300 hotel room / 15,000 points per night).

Or you could redeem your points with the Chase Sapphire Preferred or Ink Business Preferred℠ Credit Card through the Chase Ultimate Rewards Travel Portal for a plane ticket at 1.25 cents per point.  Still a much better value than gift cards.

However, some folks might still like to redeem their points with this 10% discount promotion.  That’s okay, too!  Spend your points in whatever way make you the happiest.

Will you be jumping on this Chase Ultimate Rewards points gift card promo?

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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